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FLOWS
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Tuesday, 9 April, 2013
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BUY
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IOI, TM, PERDANA
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SELL
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TENAGA, SIME, MPHB
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STOCK ALERT
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STOCK NAME
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DATE
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PRICE
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BUY/SELL
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TARGET PRICE
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CRESBLD(8591)
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9/4/2013
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RM0.95
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Trading BUY
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RM1.20
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CrestBldr (RM0.95) – recent
interest in property stks in past month have yet to spillover into Crestbldr
although px have been testing its 200D SMA of 95c recently which may indicate
that stk is poised for a breakout. One of the cheaper property/construction
names around as trades at mere PER’13 6x coupled with attractive 5.3% yield.
Immediate rerating catalyst will be its RM1bn Dang Wangi development rollout
in 2H13. Judging from recent brisk sales for MRT related launches, co’s
expected launch px of around RM1000-1200psf is achievable. Backed by a strong
recurring income from Tierra Crest @ Kelana Jaya and sitting on OB RM500m
with strong tenderbook of RM2bn(Langat 2 and Lembaga Getah Msia site), trades
at huge discount to NTA RM2.13-trading buy with immediate target of RM1.20. (LJN)
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MYEG(0138)
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9/4/2013
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RM0.87
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Trading BUY
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RM1.20
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MYEG (RM0.87) – broken out of
85c double top resistance yesterday making new recent high as momentum picks
up on its solid growth prospects. Exp 2H earnings to be stronger backed by
its JPJ online road tax and vehicle insurance renewal services. Furthermore
recently won foreign workers permit renewal and online vehicle transfer
system will continue to drive growth over next few yrs. Co is also in a net
cash position of RM3m with operational CF a comfortable RM40m pa. Recently
rumoured to be one of the shortlisted 3 bidders for Khazanah’s 45% stake in
Time may trigger further interest in stk. Trading buy with target of RM1.20. (LJN)
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Calls for APRIL Week 1-2
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STOCK
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Initiation Dates
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Initiation price
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BUY/SELL
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TARGET
PRICE
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LAST PRICE
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% Change since Initiated
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YTL(4677)
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2/4/2013
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RM1.64
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ACCUMULATE
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RM2.00
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RM1.63
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+0.6%
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PERISAI(0047)
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2/4/2013
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RM1.08
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BUY
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RM1.40
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RM1.19
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+10.1%
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UNISEM(5005)
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3/4/2013
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RM0.905
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Trading BUY
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RM1.10
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RM0.91
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+0.5%
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EKOVEST(8877)
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3/4/2013
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RM2.88
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Trading BUY
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RM3.50
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RM2.84
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-1.4%
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SCOMIES(7045)
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4/4/2013
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RM0.395
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BUY
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RM0.50
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RM0.395
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0.0%
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BAT(4162)
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4/4/2013
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RM64.90
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Trading SELL
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RM58.00
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RM62.04
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-4.6%
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SCIENTX(4731)
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5/4/2013
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RM3.78
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Trading SELL
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RM3.40
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RM3.76
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-0.5%
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COASTAL(5071)
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5/4/2013
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RM2.00
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Trading BUY
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RM2.50
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RM2.00
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0.0%
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FITTERS(9318)
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8/4/2013
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RM0.62
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ACCUMULATE
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RM0.75
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RM0.64
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+3.2%
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CMMT(5180)
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8/4/2013
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RM1.89
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Defensive BUY
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RM2.06
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RM1.93
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+2.1%
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